Hsiang-Ching Tseng

TA Associates swipes Stanchart PE’s Poddar

Dhiraj Poddar will bring the Mumbai-based investment team at the US mid-market firm to four.

Shanghai’s QFLP, the plot thickens

It has been reported that China’s State Administration of Foreign Exchange has allowed the Shanghai government to greenlight the conversion of $3bn into RMB for investment into private equity funds. Whether this money will be treated as local capital still remains unclear.

TA promotes six

In addition to five US and European promotions, the Boston-headquarterd firm has named Naveen Wadhera head of India operations.

Report: KKR and TPG team up to bid for Foster’s wine unit

The global private equity giants are said to be in partnership to bid for Treasury Wine Estates, after the Australian beverage producer rejected a previous A$2.7bn private equity bid.

Fortress opens in Singapore and appoints Asia president

Thomas Chan-Soo Kang has joined the firm. He will be based in Singapore, the site chosen for the New York-headquartered alternative investment firm’s third Asian office.

Carlyle in China Pacific partial exit

Carlyle has already recouped its investment in China Pacific through an $860m partial exit from the Chinese insurer and is on track for a 6x return.

Actis and Sequoia exit Indian Paras

The private equity firms have exited their four-year investment in a deal worth about $724m.

Blackstone appoints Michael Chae as Asia head

The senior managing director will head to Hong Kong from New York and will take charge of the firm’s investor relations in the region.

TPG, KKR, GIC to spend $1bn on Chinese bank stake

Morgan Stanley's sale of its 34.3 percent stake in China International Capital Corporation will generate a pre-tax gain of roughly $700m.

China's growing PE industry

Judy Qing Ye, a Shanghai-based director of emerging markets-focused EM Alternatives, says the time is right for a domestic FoF industry in China.